Momentum Movers

• $NVDA down 6% as highly skewed call options unwound after the anticipated recent keynote speech from the company’s CEO. 
• $AUR up 29% after the company announced a partnership with $NVDA, with Nvidia’s DRIVE Thor and DriveOS to be integrated into the Aurora Driver. 
• $RGTI $IONQ down 5% and 3% respectively after $NVDA’s CEO made comments on quantum computing, stating it will take many years to come to fruition. 
• $PLTR down 7% as a sell-off sustained following Morgan Stanley’s downgrade of the stock.
• $SOUN down 9% following the announcement of the company’s first in-vehicle voice assistant with on-the-go- food ordering. 
• $CVNA up 5% after RBC Capital upgraded the stock to “Outperform” and raised its price target to $280. 
• $FRO up 11% after President Elect Trump commented on the Panama Canal and proposed that it should fall under US control again. 
• $MRNA up 11% as bird fllu concerns rose after the US reported the first death from the virus. 
• $MSTR down 10% as Bitcoin fell to $96K. 
• $SERV down 18% after the company announced an $80M registered direct offering of common stock. 

Sector Performance 

Market News 

ISM non-manufacturing prices for December were 64.4 vs 57.5 expectations which led to market volatility Tuesday.

The 10-year treasury note yield reached a high of 4.7% on Tuesday.

Upcoming Events 1/8/25 

• Initial / Continuing Jobless Claims
• FOMC Meeting Minutes
• Earnings: $AYI, $SMPL, $MSM, $HELE, $ANGO, $ACI, $UNF, $RDUS, $JEF, $SAR, $PENG, $GBX, $FC